This time, Trump will be very quick!
Trump's "return to power" may implement his policy proposals even faster than during his first term. In his second term, Trump has multiple favorable factors, including the possibility of the Republican Party sweeping Congress, support from the business community behind him, and the courts supporting Trump and American enterprises
Compared to his first term as president when he lacked experience, Trump’s "second coming" may implement his policy proposals more quickly.
According to media reports on Friday, Trump's advisors told the media that he plans to swiftly implement a policy agenda that favors business through tax cuts, deregulation, and expanded energy production.
Trump's advisors believe they wasted early opportunities during his first term when they were unfamiliar with how to maximize government power and were constrained by internal divisions. This time will be entirely different, as Trump plans to appoint business and technology-friendly executives in the White House and executive departments, and expand presidential power to drive rapid change.
In this term, Trump has multiple favorable factors:
- The Republican Party controls the Senate and is expected to control the House of Representatives. Every Republican leader and committee chair, as well as most Republican members, are loyal supporters of Trump.
- Trump's senior team will consist of billionaires, former CEOs, technology leaders, and loyal supporters.
- The courts support Trump and American businesses.
- Musk, Marc Andreessen, David Sacks, Joe Lonsdale, and other tech leaders are helping to select staff and push policies to rapidly expand developments in artificial intelligence, cryptocurrency, and other cutting-edge fields.
Fundamentally, the implementation of policies largely depends on senior appointments and the balance of power in Congress. Despite concerns that the slow progress of the agenda and cabinet turmoil during the first term may hinder his second term, Trump's allies believe there are multiple favorable factors for policy implementation. Senator Bill Hagerty believes:
Trump realizes that his term is only four years, so time is limited. If he wants to level the playing field with other countries, he must take dramatic measures.
The Business Support Group Behind Trump
If Trump wants to implement his policies, he has a group of business supporters behind him. Trump's core circle includes billionaire Ike Perlmutter, a Mar-a-Lago member, former chairman of Marvel Entertainment, and the largest donor to the Right for America PAC, which is a major supporter of Trump's campaign.
Other close advisors include hedge fund tycoons John Paulson and Scott Bessent, as well as real estate investor Steve Witkoff, who plays golf with Trump.
Notably, tech giant CEOs have also emphasized their support for Trump, or at least for his policies. Amazon founder Jeff Bezos deleted his support for Harris in The Washington Post and quickly cheered for Trump's victory on X after the election. Bezos owns Blue Origin, which competes with Musk's SpaceX, and he knows that the fate of his company may depend on improving relations with Trump.
Which Areas Will Be Policy Winners?
As Trump's policy proposals are implemented, the oil and gas, cryptocurrency, technology companies, Musk's companies, and banks will benefit. Future policy struggles in the United States will include tariffs, taxes, cryptocurrency and banking, as well as oil and gas leasing. The Republican sweep of Congress suggests that the tax cuts from Trump's first term are likely to continue.
At the same time, the risk of a debt ceiling crisis may decrease. Analysts believe that if the Republicans win, the risk of a debt ceiling issue this summer could be mitigated, and the Republicans may incorporate it into a large-scale tax plan, with the deadline for passing the first reconciliation bill set for October 1, 2025